Regent Revenue Cycle Management (RCM) Vice President Michael Orseno and his team developed ASC-specific benchmarks to help assess the health of a center’s revenue cycle. A recently developed video series examines all nine benchmarks and how best a center can utilize them.
The fifth video zeros in on the net collection rate; the percentage of eligible money a center actually collects. Net collections rate is one of the few metrics that can stand on its own. Dubbed the great lie detector, it’s a true indicator of a center’s revenue cycle health.
The Regent RCM gold standard is a minimum of 97% because centers need to make sure they are collecting every dollar they are entitled to.
Watch the video and learn more about this foundational metric and why it has to be measured individually, with each specific claim, to ensure that other metrics are accurate.
Get additional insight into Regent RCM’s ASC revenue cycle benchmarks and how to make them work for your center by watching the three-part webinar series that expands further on this topic or contact Regent RCM to speak with one of the dedicated revenue cycle specialists.